KCE Electronics PCLBKK:KCE-R 74 Return-on-Tangible-Equity is 7.87% as of Mar. 2026, which is 49% below its 10-year median of 15.38. GuruFocus rates BKK:KCE-R with a GF Score™ of 74/100 and a GF Value™ of ฿18.07. The stock has 10 warning signs investors should review. Among 2,378 Hardware companies, KCE Electronics PCL ranks better than 56.06% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. KCE Electronics PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿937 Mil. KCE Electronics PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿11,907 Mil. Therefore, KCE Electronics PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 7.87%.
The historical rank and industry rank for KCE Electronics PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:KCE-R'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.81 Med: 15.38 Max: 35.45
Current: 6.93
During the past 13 years, KCE Electronics PCL's highest Return-on-Tangible-Equity was 35.45%. The lowest was 6.81%. And the median was 15.38%.
BKK:KCE-R's Return-on-Tangible-Equity is ranked better than 56.06% of 2378
companies
in the Hardware industry
Industry Median: 5.25
vs BKK:KCE-R: 6.93
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
KCE Electronics PCL Return-on-Tangible-Equity Related Terms
KCE Electronics PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for KCE Electronics PCL's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BKK:KCE-R vs APH, GLW, TEL: Return-on-Tangible-Equity Comparison
For the Electronic Components subindustry, KCE Electronics PCL's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
KCE Electronics PCL Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, KCE Electronics PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where KCE Electronics PCL's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 7.87% mean?
KCE Electronics PCL (BKK:KCE-R) has a Return-on-Tangible-Equity of 7.87% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on KCE Electronics PCL and its competitors. This is 49% below median its historical median of 15.38. Over the past decade, KCE Electronics PCL's Return-on-Tangible-Equity has ranged from 6.81 to 35.45. According to the industry distribution chart, KCE Electronics PCL ranks #1045 out of 2378 companies in the Hardware industry, placing it in the top 43.9%.
Is KCE Electronics PCL's Return-on-Tangible-Equity too high?
KCE Electronics PCL's current Return-on-Tangible-Equity of 7.87% is 49% below median its 10-year median of 15.38. Over the past 10 years, this metric has ranged from a low of 6.81 to a high of 35.45. The Hardware industry median Return-on-Tangible-Equity is 5.25. KCE Electronics PCL's value of 7.87% is 49.9% above this industry median. Based on the distribution chart, KCE Electronics PCL ranks #1045 out of 2378 companies in the Hardware industry, which is above the industry midpoint. Overall, KCE Electronics PCL has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does KCE Electronics PCL's Return-on-Tangible-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, KCE Electronics PCL ranks #1045 out of 2378 companies for Return-on-Tangible-Equity. This puts KCE Electronics PCL in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.25. KCE Electronics PCL's value of 7.87% is 49.9% above this benchmark. Historically, KCE Electronics PCL's own Return-on-Tangible-Equity has ranged from 6.81 to 35.45 over the past decade. While the company's 10-year median is 15.38 vs. the industry median of 5.25, KCE Electronics PCL has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.25, based on 2,378 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. KCE Electronics PCL's current Return-on-Tangible-Equity of 7.87% is 49.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on KCE Electronics PCL and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KCE Electronics PCL's current Return-on-Tangible-Equity is 7.87%, which is 49% below median its own 10-year median of 15.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KCE Electronics PCL stock overvalued right now?
KCE Electronics PCL (BKK:KCE-R) has a current Return-on-Tangible-Equity of 7.87%. The stock's GF Value™ is ฿18.07, compared to a current price of ฿24.00 — trading 32.8% above its estimated fair value. The current Return-on-Tangible-Equity is 7.87%, which is 49% below median its 10-year median of 15.38 and 49.9% above the Hardware industry median of 5.25. KCE Electronics PCL's overall GF Score™ is 74/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For KCE Electronics PCL (BKK:KCE-R), the current Return-on-Tangible-Equity is 7.87% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is KCE Electronics PCL (BKK:KCE-R) Overvalued in 2026?
Based on GuruFocus' analysis, KCE Electronics PCL stock appears to be overvalued.
The current stock price of ฿24.00 is trading 32.8% above its estimated GF Value™ of ฿18.07.
Key valuation signals for BKK:KCE-R:
Return-on-Tangible-Equity: 7.87% (49% below median its 10-year median of 15.38)
GF Value™: ฿18.07 vs. price of ฿24.00 (32.8% above fair value)
Industry Position: 49.9% above the Hardware median (#1045 of 2378)
No single metric tells the full story. See the BKK:KCE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KCE Electronics PCL and its subsidiaries manufacture and distribute printed circuit boards. The company is based in Thailand but earns the majority of its revenue internationally. It has three segments: Manufacturing and distributing of Prepreg and Laminate; Manufacturing and distributing of Printed Circuit Board; and Manufacturing and distributing of Chemical. The company manufactures printed circuit boards that are used in a variety of industries, including automotive, computer, industrial, and telecommunications systems. The company also manufactures and distributes chemicals and laminate products. The majority of its revenue is earned in Europe.
74GF Score
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